The Ethiopian government has officially announced it is looking for investment partners to help build and operate Bitcoin mining infrastructure, part of its broader economic and digital transformation strategy.

Speaking at the Finance Forward Ethiopia 2026 conference, Prime Minister Abiy Ahmed said state-owned Ethiopian Investment Holdings (EIH) is actively seeking experienced partners who can bring capital, mining technology and operational expertise to a national Bitcoin mining initiative. The aim is to generate direct revenue for the country from Bitcoin mining rather than relying solely on private operators.

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This move falls under the government’s ‘Digital Ethiopia 2030′ strategy, which focuses on strengthening the financial sector, boosting digital infrastructure and deepening technology adoption across the economy.

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Ethiopia has quietly become one of Africa’s leading Bitcoin mining hubs, driven by its abundant renewable hydropower resources – including major projects such as the Grand Ethiopian Renaissance Dam – and historically low electricity costs. By mid-2025 there were about 23 licensed Bitcoin mining operations in the country, collectively consuming roughly 600 MW of power at rates near $0.032 per kilowatt-hour and accounting for ~2.5% of the global Bitcoin hash rate.

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State-owned utility Ethiopian Electric Power (EEP) has played a key role, partnering with foreign firms and selling electricity for mining operations. In 2024, EEP generated tens of millions of dollars in foreign revenue from power exports and Bitcoin mining agreements.

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Under the new initiative, the government hopes that public-private collaboration will unlock greater economic value from the mining sector, strengthen local technical skills, and more fully integrate Bitcoin mining into Ethiopia’s long-term development agenda.

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In this article, we explore the key milestones that propelled #Ethiopia into the ranks of global Bitcoin mining powerhouseshttps://t.co/EtQcpEBTBr @KalKassa @qrb_labs @WestDataGroup pic.twitter.com/tCxj4Wye4f

— BitKE (@BitcoinKE) January 3, 2025

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